We may soon know whether gold is back on the recovery path or even the warpath. It all depends on how bulls handle the 4530.10 midpoint resistance shown. Last week’s timid rally was a step in the right direction. Now, if they impale the Hidden Pivot, and especially if they close this erstwhile brick above it for two consecutive bars, that would be strong evidence of a resurgence capable of powering the futures not only to 5000 but also to a test of January’s record 5781.
GCZ26 – December Gold (Last:4437.30)
Posted on August 16, 2026, 5:15 pm EDT
Last Updated August 14, 2026, 10:02 pm EDT